How much will you pay for the CD Rounded to the nearest cent and How many more tax dollars state gets if it $18.50 for a CD plus a 0.5% citytax and a separate 4% state tax?
If a CD is $18.50 plus 0.5% city tax and 4% state tax, you can multiply 0.5% times 18.50 to calculate the city tax, which is $0.09. Then, you can multiply 4% times 18.50 to calculate the sate tax, which is $0.74. So, the cost of the CD will be $19.33. Thank you for asking ChaCha!
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$19.33 would be the total. The state gets 74 cents more!
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